Baxter Bros Inc. Boosts Holdings in Uber Technologies, Inc. $UBER

Key Points

• Baxter Bros Inc. increased its Uber stake by 67% in the first quarter, buying 26,370 additional shares and bringing its total holding to 65,734 shares worth about $4.73 million.
• Uber continues to draw strong institutional and analyst interest, with hedge funds and other institutions owning 80.24% of the stock and Wall Street maintaining a consensus Moderate Buy rating with an average price target of $104.49.
• The company reported better-than-expected Q1 earnings of $0.72 per share and 14.5% year-over-year revenue growth, while also guiding Q2 2026 EPS to $0.78-$0.82.

Baxter Bros Inc. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 67.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,734 shares of the ride-sharing company's stock after purchasing an additional 26,370 shares during the period. Baxter Bros Inc.'s holdings in Uber Technologies were worth $4,728,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Osbon Capital Management LLC purchased a new stake in Uber Technologies in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Uber Technologies in the 3rd quarter worth about $25,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Uber Technologies in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Uber was added to several Russell value benchmarks, including the Russell 1000 Value and Russell Top 200 Value, which could support demand from value-oriented index funds and ETFs and may help stabilize the shares. Uber Technologies (UBER) Could Be 13% Undervalued On Russell Value Index Reshuffle
• Neutral Sentiment: Uber’s CEO Dara Khosrowshahi stepped down from Grab’s board; while not directly affecting Uber’s operations, the move drew attention to Uber’s broader strategic ties in delivery and ride-hailing markets. Uber CEO Dara Khosrowshahi Departs Grab Holdings Board of Directors
• Neutral Sentiment: Uber and partners Stellantis and Wayve announced a plan to explore Level 4 autonomous robotaxi deployment, reinforcing long-term self-driving ambitions but offering limited near-term financial impact. Stellantis (STLA) Makes a Bold Autonomous Driving Move With Uber and Wayve
• Negative Sentiment: Uber paused most planned Uber Eats expansion in Europe to focus on a possible Delivery Hero acquisition, raising questions about capital allocation, execution risk, and potential regulatory hurdles in Europe. How Investors Are Reacting To Uber Technologies (UBER) Pivoting From Uber Eats Expansion To Delivery Hero Deal
• Negative Sentiment: Coverage noted that Uber’s stock slipped while the broader market was higher, and a recent study questioned variability in Uber’s insurance charges on similar rides, adding to investor unease around costs and pricing transparency. Uber's Insurance Charges Varied by Ride Despite the Same Route and Driver, Study Finds

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Uber Technologies in a research report on Monday, May 11th. They set a "hold" rating for the company. Royal Bank Of Canada began coverage on Uber Technologies in a report on Monday, May 11th. They issued an "outperform" rating for the company. The Goldman Sachs Group set a $100.00 price objective on Uber Technologies in a report on Monday, June 29th. JPMorgan Chase & Co. raised their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Finally, DA Davidson reiterated a "buy" rating and set a $107.00 price target on shares of Uber Technologies in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $104.49.

Uber Technologies Price Performance

UBER stock opened at $72.38 on Tuesday. The firm has a 50 day simple moving average of $73.05 and a two-hundred day simple moving average of $75.54. The stock has a market cap of $147.33 billion, a PE ratio of 18.05, a P/E/G ratio of 6.32 and a beta of 1.12. Uber Technologies, Inc. has a one year low of $67.19 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion for the quarter, compared to analysts' expectations of $13.28 billion. During the same quarter last year, the company posted $0.83 EPS. The business's quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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